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S&P 1500 Most Heavily Shorted Stocks

By: Minyanville
Posted: 10/11/2013 12:40:00 PM
Referenced Stocks: CLF;JCP;LQDT;RBCN;X

Short interest levels for the end of September were released by the major exchanges this week, so in the table below we have updated our list of the S&P 1500's most heavily shorted stocks (>25% short interest). As shown in the table, the majority of the names on the list are small caps. In fact, the 10 most heavily shorted stocks are all from the S&P 600 (INDEXSP:SP600) small cap index. Of the 11 names on the list that are not in the small cap index, eight are from the mid cap index, while just three ( Cliffs Natural Resources ( CLF ), JC Penney ( JCP ), and United States Steel ( X )). are in the large cap S&P 500 Index (NDEXSP:.INX).

For each of the names listed below, we have also shown the performance of each stock since the end of September. While short sellers have been having a rough go of it so far this year, they have caught a bit of a break so far this month. As shown in the table, 19 of the 32 names on the list are down, led lower by Liquidity Services ( LQDT ), Rubicon Technology ( RBCN ), Blyth (BTH), and Corinthian Colleges (COCO) which are all down more than 10% already this month. Overall, the average return of the 32 stocks shown is a loss of 1.10%, which is 200 bps behind the performance of the S&P 500's gain of 0.90%.

This article was originally published by Bespoke Investment Group .